London stands to lose £36 billion by 2050 through climate change

London stands to lose £36 billion by 2050 through climate change

The economic impact of global warming is already widely understood. New figures for the UK capital emphasise the duality of our crisis.  Heat Ready London Technical London is a new report commission by the Mayor of London and London Councils, looking specifically at the mounting costs of climate change on economies. According to this analysis, the metropolis is already losing out on £577 million per year due to soaring temperatures and their imp…

Climate change "could cost London £36bn a year" by 2050

Extreme heat and the impact of climate change could cost the capital up to £36 billion a year by the 2050s unless further action is taken, a report has said. The Heat Ready London Technical Report, commissioned by the Mayor of London, provides the detailed evidence behind Heat Ready London – the capital’s first city-wide vision for adapting to rising temperatures. It examines the growing impact of heat on Londoners’ health, homes, public service…